World|politics|November 17, 2018 / 12:25 PM
Xi Jinping: US-China trade war will produce no winners

AKIPRESS.COM - Countries which embrace protectionism are "doomed to failure", China's Xi Jinping has warned in a veiled swipe at the US's America First policy, BBC reported.

Mr Xi was speaking at the Asia-Pacific Economic Cooperation (Apec) summit, where US-Chinese tensions are likely to be centre stage.

US Vice-President Mike Pence later said he was prepared to "more than double" the tariffs imposed on Chinese goods.

The two countries have been engaged in a tit-for-tat trade war this year.

The White House says its tariffs are a response to China's "unfair" trade policies. 

However, Mr Xi appeared to warn against any further escalation of tensions between the two countries.

"History has shown that confrontation, whether in the form of a cold war, a hot war or a trade war, will produce no winners," he told leaders gathered in Papua New Guinea's capital for the summit.

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